Ballast Rock Group Announces Formation of Ballast Rock Capital, its SEC Registered Broker-Dealer | News Direct

Ballast Rock Group Announces Formation of Ballast Rock Capital, its SEC Registered Broker-Dealer Establishing a broker-dealer is part of Ballast Rock’s continued evolution as a diversified investment management firm, focused on private-market opportunities for investors and advisors.

News release by Ballast Rock

facebook icon linkedin icon twitter icon pinterest icon email icon Charleston, SC | May 25, 2023 01:00 PM Eastern Daylight Time

Ballast Rock Group, the diversified investment management firm, today announced the formation of Ballast Rock Capital (BRC), its broker-dealer. BRC is a member of the Financial Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and is registered with the Securities and Exchange Commission (SEC).

BRC was approved by FINRA in April and began operations this month. The broker-dealer will initially handle transactions for Ballast Rock Asset Management.

“The creation of our broker-dealer is yet another step in the growth and development of Ballast Rock”, said Thomas Carroll, Founder and Chief Executive Officer of Ballast Rock Group. “Our evolution compelled us to seek approval for our own broker-dealer to best support our clients.”

Mr. Carroll, who held various leadership positions at Goldman Sachs and HSBC, will serve as CEO and Chief Compliance Officer of Ballast Rock Capital.

Ballast Rock Group launched in 2018, with a focus on the workforce multifamily housing market throughout the Southeast, creating income-generating, tax-shielded, diversified real estate funds with a positive social impact. The company later expanded into direct investment in clean energy, as well as venture capital.

Last year, Ballast Rock Group also launched Ballast Rock Private Wealth, an independent registered investment advisor with a focus on private-market investments.

“We have seen tremendous interest and attention to private market opportunities, and our broker-dealer allows us to have more flexibility to present attractive opportunities to investors and financial advisors on behalf of their own clients.” added Dirk Hall, Chief Operating Officer for Ballast Rock Group.


About Ballast Rock Group

Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community.


Investment Disclosure

The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please consider carefully the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS.


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broker-dealerprivate equitywealth managementventure capitalreal estatealternatives